000088445 001__ 88445
000088445 005__ 20230921135426.0
000088445 0247_ $$2doi$$a10.1002/tie.22097
000088445 0248_ $$2sideral$$a113272
000088445 037__ $$aART-2020-113272
000088445 041__ $$aeng
000088445 100__ $$0(orcid)0000-0003-2579-222X$$aHernández Trasobares, Alejandro$$uUniversidad de Zaragoza
000088445 245__ $$aEffects of family control on the degree and type of diversification: empirical evidence for business groups
000088445 260__ $$c2020
000088445 5060_ $$aAccess copy available to the general public$$fUnrestricted
000088445 5203_ $$aThis article analyzes the impact of ownership structure on corporate diversification,with reference to large listed family business groups. By considering agency theoryand socioemotional wealth, the study examines the relationship between family own-ership, concentration of ownership, and degree and type of diversification. The studyconsiders 99 Spanish listed business groups (50 family-controlled- and 49 nonfamily-controlled groups) and considers diversification of business group as the focus ofanalysis. The results show how family business groups present a lower preference forunrelated diversification than related diversification. There is also a nonlinear rela-tionship between the concentration of ownership in family groups and the degree ofdiversification, showing different behaviors in family groups according to sharesowned by the family's leading shareholders. This article contributes to the literatureby providing a more precise identification of the corporate strategy adopted by busi-ness groups and establishing new evidence about the impact of family control ondiversification strategies and the differences regarding nonfamily business groups.
000088445 536__ $$9info:eu-repo/grantAgreement/ES/DGA/S42-17R-CREVALOR$$9info:eu-repo/grantAgreement/ES/MINECO/ECO2017-86305-C4-3-R
000088445 540__ $$9info:eu-repo/semantics/openAccess$$aby-nc-nd$$uhttp://creativecommons.org/licenses/by-nc-nd/3.0/es/
000088445 592__ $$a0.553$$b2020
000088445 593__ $$aBusiness and International Management$$c2020$$dQ1
000088445 593__ $$aPolitical Science and International Relations$$c2020$$dQ1
000088445 593__ $$aGeography, Planning and Development$$c2020$$dQ1
000088445 655_4 $$ainfo:eu-repo/semantics/article$$vinfo:eu-repo/semantics/acceptedVersion
000088445 700__ $$0(orcid)0000-0002-4389-2622$$aGalve Górriz, Carmen$$uUniversidad de Zaragoza
000088445 7102_ $$14012$$2650$$aUniversidad de Zaragoza$$bDpto. Direcc.Organiza.Empresas$$cÁrea Organización de Empresas
000088445 773__ $$g62, 1 (2020), 93-105$$tThunderbird International Business Review$$x1096-4762
000088445 8564_ $$s205312$$uhttps://zaguan.unizar.es/record/88445/files/texto_completo.pdf$$yPostprint
000088445 8564_ $$s293407$$uhttps://zaguan.unizar.es/record/88445/files/texto_completo.jpg?subformat=icon$$xicon$$yPostprint
000088445 909CO $$ooai:zaguan.unizar.es:88445$$particulos$$pdriver
000088445 951__ $$a2023-09-21-13:29:26
000088445 980__ $$aARTICLE